PwC

PricewaterhouseCoopers International Limited is a multinational professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY and KPMG.

PricewaterhouseCoopers International Ltd.
PwC
Company typeMembers have different legal structures; both UK and US firms are limited liability partnerships
IndustryProfessional services
Founded1998
(PricewaterhouseCoopers)
1849
(Price Waterhouse)
1854
(Coopers & Lybrand)
FoundersSamuel Lowell Price
Edwin Waterhouse
William Cooper
HeadquartersLondon, England, UK
Area served
Worldwide
Key people
Robert Moritz (Chairman)
ServicesAssurance
Risk assurance
Risk advisory
Tax advisory
Legal services
Data and analytics
Management consulting
Digital Transformation
Financial advisory
Forensic accounting
Revenue US$53.1 billion (2023)
Number of employees
364,000 (2023)
Websitewww.pwc.com

PwC firms are in 157 countries, across 742 locations, with 328,000 people. As of 2019, 26% of the workforce was based in the Americas, 26% in Asia, 32% in Western Europe and 5% in Middle East and Africa. The company's global revenues were $50.3 billion in FY 2022, of which $18.0 billion was generated by its Assurance practice, $11.6 billion by its Tax and Legal practice and $20.7 billion by its Advisory practice. The firm in its recent actual form was created in 1998 by a merger between two accounting firms: Coopers & Lybrand, and Price Waterhouse. Both firms had histories dating back to the 19th century. The trading name was shortened to PwC in September 2010 as part of a rebranding effort.

The firm has been embroiled in a number of corruption controversies and crime scandals. The firm has on multiple occasions been implicated in tax evasion and tax avoidance practices. The firm has frequently been fined by regulators for performing audits that fail to meet basic auditing standards. Amid Russia's war in Ukraine, PwC has helped Russian oligarchs to hide their wealth and helped to undermine the global sanctions regime on Russia over its invasion of Ukraine.

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